UAE-founded global employment, payroll, and spend management platform RemotePass has successfully raised $17.4million in a Series B funding round. Led by EBRD Venture Capital (EBRD), the round drew participation from 500 Global alongside a competitive roster of regional and early-stage backers, including Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures, BECO Capital, Endeavor Catalyst, and Wamda Capital.
The capital injection marks a significant competitive shift in the cross-border workforce management industry , where platforms are increasingly moving beyond basic HR administrative compliance and integrating deep fintech capabilities to maintain market relevance.
Tackling Emerging Market Volatility
Unlike Western incumbents that have historically struggled to build deep localized roots in complex regulatory jurisdictions, RemotePass has spent five years fine-tuning its payment rails and infrastructure across the Middle East and North Africa (MENA). The platform operates natively with 24/7 Arabic and English customer support and navigates specialized local labor frameworks.
For remote contractors and distributed workforces dealing with fluctuating local currencies and inflation across emerging markets, RemotePass focuses directly on financial inclusion:
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Sovereign Capital Access: The platform provides remote workers with direct access to US Dollar (USD) accounts.
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Global Spending Power: Users receive physical and digital global debit cards to streamline localized transactions.
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Essential Protections: The suite provides premium health insurance access to offer corporate-grade stability.
These fintech tools act as a powerful talent retention lever for regional enterprise heavyweights like Tabby and Careem, as well as global giants like Logitech, Tata Group, and InDrive who utilize RemotePass to tap into the regional talent pool safely.
Capital Efficiency and the Profitability Milestone
A standout feature of RemotePass’s growth trajectory is its strict capital discipline. In a sector where competitors routinely burn through hundreds of millions of dollars to acquire market share, RemotePass reached net profitability in early 2025 based on strong underlying unit economics.
The business has quietly scaled to support more than 35,000 workers across over 150 countries , facilitating more than $800 million in cross-border payroll transactions. Crucially, it accomplished this scale on a mere fraction of the capital raised by global category leaders.
“This round is about acceleration,” noted Kamal Reggad, CEO and co-founder of RemotePass. “Building a globally competitive platform from the region, in a market that incumbents underestimated, is something we are incredibly proud of. We know this region better than anyone, and we have built the financial tools that workers here actually need… Now, we are taking that depth global.”
Next-Gen Automation: AI Agents and SpendCards
The fresh capital will fund an aggressive commercial expansion into Europe and the United States, alongside deeper localized compliance updates. However, the core of RemotePass’s long-term defense mechanism lies in its integrated software stack.
In late 2025, the company rolled out SpendCards, which effectively collapses contractor payments, traditional payroll, and corporate expense cards into a single unified workspace. To streamline HR workflows, RemotePass has also deployed autonomous AI agents tasked with handling onboarding, compliance logic, and tiered customer support ticketing.
Amine Chabane, principal at EBRD Venture Capital, highlighted this exact operational execution as a core driver for the investment. “RemotePass is uniquely integrating global payroll and financial products into a single AI-enabled experience,” Chabane stated. “The business has reached meaningful scale on a fraction of the capital others in the category have raised—a signal of how disciplined Kamal and his team have been with execution.”
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